Inaction is the death of any business. Without taking regular action every single day to grow your business, inaction will cause your business to become stagnant. Clients will disappear, your sales funnel will be empty, and your revenue will dip to zero in a heartbeat.
Avoid this scenario!
Here are five money-making action tasks you can take now that will lead to increased income and business growth.
1. Email Your Customers Regularly.
Contrary to popular belief, email marketing is NOT dead. In fact, a study by OptinMonster found that 60% of consumers have made a purchase after receiving a marketing message by email.
Email is the easiest way to stay in touch with customers and prospects to let them know about your new offerings or to recommend an affiliate product that pays you a commission.
2. Focus on Customer Service.
You will never please everyone but you may as well try your best. Inevitably customers will contact you with questions or refund requests so be prepared to answer these requests in a timely manner. Stick to your rules about refunds but never disregard or disrespect a customer. Negative online reviews are easier to find than positive ones.
3. Raise Your Rates.
When was your last rate increase? Are your prices competitive with the current market of coaches of your caliber? Can your ideal client still afford your new rates? Be confident that your expertise is worth that new rate and break the news carefully to your current clientele so they don’t jump ship. If you’re not sure how to raise your rates, read this article from WebFX.
4. Repackage Your Offerings.
Don’t reinvent the wheel – REPURPOSE. Simply take your older content – books, programs, blog posts, etc. – and create new bundles or create an entirely new product. The information or products should obviously be related in topic to appeal to the most people and be sure to price it accordingly.
5. Create a New Offering for Old Clients.
People buy from those they know, like, and trust, so open up that old client list and create an exclusive offer just for them. Make the offer sexy, exclusive, and time-sensitive to get quick action results.
How Do I Know What to Offer?
This is an age-old question of many business owners and it boils down to knowing your target audience. How do they want the information presented? What are the hot topics in their industry? What struggles do they have every day? The simplest way to know what they want is to simply ask them.
One thing is certain, if you don’t take action, you won’t make money. Decide which of these tips you can implement in your business and do it now.
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